GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • Fund delegation attends UAE-Chad Investment Forum
  • His Excellency Mohammed Saif Al Suwaidi: “ADFD is proud of the UAE's US$150 million contribution to support Chad's National Development Plan 2017-2021”
Abu Dhabi-UAE: 13 September, 2017: Abu Dhabi Fund for Development (ADFD) announced the allocation of US$50 million for UAE companies wishing to invest in the Central African nation of Chad. The announcement came during the participation of an ADFD delegation at the UAE-Chad Investment Forum that took place today in Abu Dhabi.
Several ministers and senior officials from the public and private sectors of the two countries attended the event, organised by the Abu Dhabi Chamber of
Commerce and Industry in collaboration with the Chadian Ministry of Industrial Development, Trade and Promotion of the Private Sector.
The funding falls within the framework of the 2017 UAE government contribution of US$150 million, announced at the Development and Investment in Chad Conference in Paris earlier this month to support the Chadian government's National Development Plan 2017-2021.
On this occasion, His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, said: “The event offers a unique platform to discuss bilateral investment and development prospects. In its pursuit of sustainable development and under the guidance of the UAE's wise leadership, ADFD is keen on building strong relations and forging constructive cooperation with the Chadian government.”
He added: “The Fund is proud of the UAE's US$150 million contribution to support Chad's National Development Plan 2017-2021. The allocation of US$50 million to UAE companies wishing to invest in Chad demonstrates our commitment to encouraging the private sector to explore the wealth of opportunities in Central Africa, and specifically Chad.”
He noted: “ADFD currently operates in more than 80 countries across the globe, including 35 African nations. The Fund's total expenditure in Africa amounts to an estimated AED20 billion. The new venture aligns with our strategy to expand our geographical footprint in developing nations.”
For his part, His Excellency Hissein Ibrahim Taha, Chadian Minister of Foreign Affairs and African Integration, praised this collaborative UAE-Chad strategic partnership and highlighted ADFD's prominent role in driving development projects across the globe. He added that with the support from the Fund, Chad will boost its transportation infrastructure and improve its education, water, agriculture, health, and livestock trade sectors.
Since its inception in 1971, ADFD has financed development projects around the world to the tune of AED77 billion through concessionary loans and Abu Dhabi government grants.


Posted by : GoDubai Editorial Team
Viewed 2556 times
Posted on : Wednesday, September 13, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : 30 Senior Economists Will Take Stage at Sharjah FDI Forum 2017
Next Story : EcoSys™ Rebrands to Hexagon PPM, Signaling an Even Stronger Future for the Industry Standard in Ente...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
LG DUALCOOL Air Conditioner Builds a Tower of Chocolate
Dune London: The Autumn/Winter17 campaign
Contour, Highlight and Bronze your Body with Ease with Madame LA LA
Max Mara: Iconic Coats - Manuela & Teddy.
DS Podium GMT Chronometer: Because time knows no borders
Vintage is the rage for new Chronofighter range
India's famous fashion designer Suneet Varma brings his collections to Dubai
Italian Trade Agency Kicks Off F&B Promotional Activities in the UAE
SAINT HONORE Charisma “Twist” for elegant lady
Ferrari Portofino: the Italian Grand Tourer par excellence
CITIZEN opens refurbished boutique at Sharjah City Centre
LG Robots to Connect People for A Better Tomorrow
Panasonic announces robust plans for Middle East under new leadership
Exhilarating new Roger Dubuis pop-up boutique in the US
Mango Fall/Winter17 - Denim Special
Michael Kors Collection Spring 2018 Fashion Show
Marina Rinaldi : Ashley Graham continues her role as the face of the brand for ...
Aster DM Healthcare bags Gulf Business Awards-2017 for the “Healthcare Company o...
TAG Heuer's Globetrotter Exhibition Opens in Dubai Mall on September 15, As Part...
Ulysse Nardin Presents Classico Zheng He
'COÉGA'S Got You Covered' in New AW17 SPF50 Family Swimwear Collection
Dubai Culture Takes ‘Dubai Next' to London Design Festival
The Longines Avigation BigEye: Aesthetics and tradition in a pilot's watch
Kate Upton, Ashley Graham, Andreea Diaconu, Skai Jackson and more in Michael Kor...
New Balance Introduces the 574 Sport in Celebration of the Dubai Mall Store Opening
British Airways' Top Five Autumn Getaways
IPhone 8 and IPhone 8 Plus to Arrive at DU on September 23
Emirates to launch fourth daily service to Sydney, Australia
NMC Healthcare wins ‘Brand of the Year 2017' by Superbrands
Ministry of Climate Change & Environment Organizes 1st Plenary Meeting for the D...
DeLaCour Reflect Tourbillon
Huawei CBG supports the Middle East Innovation Agenda by bringing cutting-edge i...
Star styles in TKD Lingerie's September surprise sale
Curtin University opens in the Middle East
Vacheron Constantin Pays Tribute to the Middle East with Exclusive Overseas Time...
Malabar Gold & Diamonds recognized as the ‘Superbrand' 5th time in a row by Supe...
Weekend Max Mara : The Pasticcino Bag - Fall/Winter 2017
Business and academia collaborate at Dubai Science Park to shape the science sector
Robin Singh to launch sports academy in Dubai
SonicWall Partners with Ingram Micro for Distribution in Egypt and Saudi Arabia
Saudi Investors to Keep Faith in Dubai Real Estate - Developer
Abu Dhabi Ports recognised for exceptional Security Management; Receives ISO 280...
VFS Global opens first Chinese Visa Application Service Center in the Middle Eas...
Glittering beauty set with diamonds - a true Gilda beauty
Timely diagnosis, surgical intervention save mother in critical postnatal situation
ADNOC Distribution expands international sales footprint
UAE Team Emirates La Vuelta Wrap-Up
Airbus signs MoU with Dubai Land Department to explore the use of advanced geosp...
Danube Properties Bags two prestigious awards this September
DIFF Presents Two Outstanding Films for Golden Globe Consideration